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Oppenheimer Asset Management Inc. Sells 51,113 Shares of Merck & Co., Inc. $MRK
Oppenheimer Asset Management Inc. reduced its stake in Merck & Co., Inc. by 9.2% in the fourth quarter, selling 51,113 shares and now owning 502,885 shares worth $52.93 million. This comes as Merck’s stock has seen a 1.5% decrease, yet the company reported strong Q1 earnings, beating consensus estimates with $16.29 billion in revenue. Analysts have a “Moderate Buy” rating on MRK, with an average target price of $128.47, despite some institutional selling and insider transactions.